Jhapa Energy IPO is set to launch on Shrawan 14 i.e. July 28, following approval from the Securities Board of Nepal (SEBON) on Ashar 31 to issue a total of 950,475 shares at a face value of Rs. 100 per share.
Jhapa Energy IPO details
The IPO will initially be open to two specific groups: locals affected by the project and Nepali citizens currently working in foreign countries.
- 380,190 shares are allocated for people residing in areas impacted by the project.
- 57,029 shares are reserved for Nepalis working abroad.
How to apply and application limits
Interested applicants can request a minimum of 10 shares and a maximum of 5,000 shares.
- Locals can apply from Shrawan 14 to 28, with an extension possible up to Bhadra 12 if the issue remains under-subscribed.
- Migrant workers can apply from Shrawan 14 to 18, and the period can be extended up to Shrawan 28 if needed.
Where and how to apply?
Local residents can get application forms from the company’s nearby branch offices or within the project area. Migrant workers can apply conveniently through the Mero Share app or the C-ASBA system.
Credit rating
The issue has been rated ‘ICRA NP-IR B Minus’ by ICRA Nepal, indicating that the company has a high risk in meeting financial obligations on time.
Once this first phase is completed, Jhapa Energy will open the IPO to the general public in the second phase.
Company earnings and income report
In the Fiscal Year 2024 (Audited), Jhapa Energy Limited earned an operating income of Rs. 53 million. This shows the company is already making money from its operations.
About Jhapa Energy Limited
Jhapa Energy Limited is a hydropower company based in Nepal, focused on generating clean and sustainable energy. The company plays a role in supporting Nepal’s power needs through renewable energy sources. With a reliable stream of operating income and 75% promoter holding, Jhapa Energy aims to grow further by raising capital through this IPO. The approval from SEBON marks a new chapter in its development and future expansion plans in the energy sector.
